UAE Ministry of Finance Unveils 2027–2029 Strategy to Bolster Fiscal Stability

The UAE Ministry of Finance has launched its 2027–2029 strategic plan, a three-year roadmap designed to improve fiscal sustainability and modernize the nation’s financial legislative framework. The strategy focuses on four primary pillars: fiscal stability, economic competitiveness, international financial cooperation, and institutional efficiency. Fiscal Sustainability and Budget Efficiency The plan prioritizes the development of the UAE’s fiscal policy through advanced financial planning and budget management. Key objectives include enhancing the efficiency of the federal budget and managing the government's financial position to ensure long-term stability. The Ministry intends to implement rigorous financial monitoring systems to track spending and revenue trends across federal entities. Global Competitiveness and Legislative Reform To attract more foreign investment, the Ministry will update financial legislations and policies. This includes refining tax regulations and ensuring compliance with international standards, specifically those set by the OECD and the G20. The strategy emphasizes the UAE’s role in global financial governance and aims to expand the country's network…